LDC acquires stake in Mountain Warehouse
LDC has acquired a significant minority stake in the outdoor specialist Mountain Warehouse valuing the company at over £50m.
The investor acquired a stake held by Icelandic private equity group Arev. Company founder Mark Neale will retain a majority stake.
LDC will support the company's expansion plans, which include opening new stores and new clothing ranges. Mountain Warehouse employs more than 800 and recorded a turnover of £47.5m in the financial year ending February 2010.
The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.
If you have any information regarding this transaction, please contact Viktor Lundvall on +44 20 7004 7476 or viktor.lundvall@incisivemedia.com
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